The Workhorse Group Inc. (NASDAQ:WKHS) is going up by 1.40% in today’s trading session, a rise equivalent to 0.04% of the stock’s price from yesterday’s market close. A news came out on 08/26/19 stating that Workhorse to Present at the 8th Annual Gateway Conference on September 5, 2019 by WSJ. The lowest point that the shares touched during the trading session was $2.90, while the peak of the day was recorded at a share price of $3.09. WKHS finished the previous session at $2.97 according to the data provided by Barchart, while the trading volume was observed to be $2,159,812.
In the 100 days of trading, WKHS managed to top a 2.79% Moving average. Additionally, Workhorse Group Inc. shares have achieved a 52-week range between 0.37 and 5.37 alongside 100 days raw stochastic set at 47.20%.
The number of shares outstanding, according to the fundamentals of the company, is set at 72.24M, equal to the value of $214.55M in market capitalization. In the last 30 days, Workhorse Group Inc. shares went down by -35.48%, adding 4.60 to growth in value, on top of a +9.51% boost since 08/13/19.
Workhorse Group Inc. (NASDAQ:WKHS) Analyst’s Estimates
Workhorse Group Inc. (WKHS) could record at least -$0.10 per share in quarterly earnings in the upcoming report on 11/12/2019, a number that would actually represent an increase of 60.90% YOY.
According to the average analyst rating, Workhorse Group Inc. would be rated as Buy. Out of 1 different analysts monitoring WKHS stock, 1 analysts rate the stock as a BUY, 0 suggest to give the rating of HOLD, 0 indicate that WKHS is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On Jan-24-18, the stock earned a Reiterated rating due to a new analyst call from Maxim Group, while analysts from Maxim Group believe that the stock is set at Buy, as concluded on May-10-17. Maxim Group, is still rather wary about the stock, deciding to keep the rating at Buy as confirmed through a call on Mar-14-17.
WKHS Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of -1990.43% has been attained, while the operating margin has been recorded at -4463.94%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at -257.88%. Beta value of the stock is recorded at 1.47. Additionally, Workhorse Group Inc. is recording price volatility of 9.04% for the period of the last seven days and 9.14% in the last 30 days.
Workhorse Group Inc. (NASDAQ:WKHS) Technical Outlook
For the period of the last 50 days, Workhorse Group Inc. had its Raw Stochastic average set at 13.90% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 13.64%. Stochastic %K for Workhorse Group Inc., with the last 20 days included, was set at 6.97%, having Stochastic %D topping 6.20%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for Workhorse Group Inc. stocks with recording 462.50% in metrics.
Workhorse Group Inc. Insider Watch:
As far as the position of shares issued by Workhorse Group Inc. (NASDAQ:WKHS) for the period concluded at the market close of 09/12/19, 24 institutional investors increased their positions in WKHS shares by 5,009,934, 15 decreased positions by 676,701 and 16 institutional investors decided to hold positions at 6,531,357. These numbers put the complete list of institutional holdings set at 12,217,992 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 10 institutional investments with 540,017 new shares in addition to having 10 institutional investors selling their positions in 407,011 shares.